Nancy, put in the zip code, # of beds and baths, price range, and eliminate a pool if you don't want that. If you are still having trouble email me the specifics and I will send you a search.
Realtors are not permitted to convey opinions as to whether a given area is "safe." You can look at sites such as these to determine recent criminal activity in any given location ...
My advice to potential buyers is to drive through the area at several times of day (nights and weekends for sure) and speak with the folks who live there ... believe me, they'll be only too glad to share the good, the bad, and the ugly. I've knocked on doors with many clients and spoken with neighbors ... you can't get any better information.
I'd love to help you find that home that works best for you. Have you been pre-approved by a lender? I can also arrange for that. Please get in touch and let's knock on some doors. I look forward to hearing from you.
This is not a listing, but a foreclosure notice from RealtyTrac, a reporting service for financially distressed properties. The home could come on the market, or may have already been sold ... information here isn’t always current. RealtyTrac doesn’t list or sell real estate, but only compiles data from public sources. You’d have to subscribe to learn more, but such postings serve no purpose when looking for a home, so save your money.
As for that enticing number … no, it’s not what you’d pay (as RealtyTrac would like you to assume), but the amount in default. It has no relation whatsoever to the property’s value ... it’s not even close. If it were possible to purchase such a unit for so little money, it would be gone in an hour. “If it looks too good to be true ….”
Late-night infomercials notwithstanding, it’s a myth that anyone can just come on down and pick up a foreclosure for pennies on the dollar. If it were that simple, we’d all be doing it. While they may be aggressively priced at first, the strategy is to attract attention and raise the stakes through a “bidding war.” Most foreclosures end up selling for more than the asking price and close to actual value. This market is thriving and inventory is dwindling … nobody’s giving away houses these days, not even condos.
Just about all of these places need major renovation, beyond cosmetic updates. Simply put, they’re best suited for investors with deep pockets. I work with several, and see firsthand what it takes to bring such places to livable condition … it ain’t cheap.
Terms of the sale should suffice to drive all but seasoned buyers away … “as-is, where-is, with all faults.” Bottom line: it’s yours as it sits … although most contracts include an opportunity to inspect the property and void the transaction. These homes are usually in rough shape, so it’s imperative to have them checked thoroughly. The cost is totally on the buyer and not reimbursable, whether or not the sale closes. The lienholder/seller will make no allowance for repairs … “as-is, where-is” sums it up.
Ironically, you can likely purchase a great home in better condition for about the same money … possibly less, given what it would cost to get most foreclosures into shape. It will be my pleasure to work with you toward finding that special place which best suits your family’s needs. There is no cost to you as a buyer. If I may be of assistance, please feel free to contact me. I look forward to hearing from you.
If you are concerned about the HOA fees, you should get involved with the HOA board. As a resident/member of the HOA you have the right to review the finances of the HOA.
You would be surprised how much the common area maintenance and pool maintenance can cost, not to mention insurance and building maintenance if it is included.
After you review the budget and you feel there are still problems express your concerns at an HOA meeting, or better yet run to be elected to the boards of directors. Being involved in your neighborhood can be very rewarding.... more